Egyptian Minister of Electricity and Energy Hassan Younes on Sunday announced a ministry plan to produce 2600 megawatts of wind energy this year in collaboration with several EU states and Japan.
He noted that the ministry had already raised funds for several wind power stations–each with a capacity of 540 megawatts–in the Gulf of Suez. Fund-raising for the project, he said, had been done in cooperation with the German Development Bank, the European Investment Bank, the EU, and the governments of Japan and Spain.
The minister went on to say that fund-raising was currently underway for additional stations–each with a capacity of 580 megawatts–in cooperation with the Spanish government, the German Development Bank, Abu Dhabi and the French Development Agency, while negotiations were still being held with Japan to finance another station west of the Nile with a capacity of 200 megawatts.
“And there's another plan for the Egyptian private sector to build a station with a 1370-megawatt capacity on a build-operate-transfer (BOT) basis,” Younes noted.
“Wind is a priority for us in order to diversify our available sources of energy,” he said, adding that the ministry hoped to produce an annual total of 7200 megawatts of wind energy by 2020.
Translated from the Arabic Edition.